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20130124
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that looks better than you might think. and then on the political front, president obama's recess appointment to the nlrb declared unconstitutional. and louisiana governor bobby jindal calls republicans the stupid party. how about that? and then there is an unconfirmed scandal. i say unconfirmed. did senator bob menendez sleep with underaged dominican prostitutes? this is "the kudlow report" and we begin right now. >> all right. first up, our most optimistic story tonight, stock continue their bull run, the s&p 500 and dow closing in on their all-time highs from october 2007. brian shactman joins us now with all the details. good evening, brian and good work today. >> you touched on the s&p details having its best streak in terms of winning streaks days in a row in eight years but how about the dow. we're now 105 points shy of 14,000. eight components hit new highs today. beyond the five on your screen, utx, pfizer and p & g also doing it. now, speaking of history, historically life is good, larry, as you well know when the dow transports show leadership, up another 3% for the week. apple use
it on the people who best can afford it. it worked for president obama, the democrats, like the cbs news political director said is to go for the jugular, to cut the throat to destroy republicans. this is not about achieving a budget or growing jobs. it's about destroying the opposition so they can continue grow the size of the federal government, continue to increase deficits and debt so there's at some point no choice except to continue to raise taxes. >> senator, i'm less interested in this democratic tax budget. i want to ask you a question direct. will the spending sequester the automatic across the board spending cuts sequester go in. if you don't do anything on march 1st as you well know, it goes into place. 1.2 trillion roughly often years, hundred billion this year, to me the public wants lower spending. senator, will they get it? will the gop just say go on ahead dean it? -- ahead and dope it? -- ahead and do it? >> they are hemmed in by the recognize of the democrats again and again. the republicans do not want to cut defense spending. very concerned about what that's going to do. we go
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